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Downstream consumption margin enhancement Shanghai aluminum has received strong support

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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today's market report

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Today's Shanghai aluminum main month 2110 contract, opening 20490 yuan / ton, the highest intraday 20705 yuan / ton, the lowest 20430 yuan / ton, settlement 20410 yuan / ton, the end of the close to 20600 yuan / ton, up 190 yuan
.
Today's Shanghai aluminum shock is higher, many places take turns to curtail power and energy consumption dual control affect electrolytic aluminum production and output, inventory decline, downstream consumption margin strengthened, short-term supply gap is large, there is a strong support
for aluminum prices.

Shanghai aluminum

Today, Lun aluminum fluctuated in a narrow range, and the LME was reported at $2,618 / ton at 15:01 Beijing time for three months, up $14, or 0.
54%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20560-20600 yuan / ton, up 190 yuan; Guangdong South Reserve reported 20670-20730 yuan / ton, up 180 yuan; Hua reported 20630-20670 yuan / ton, up 190 yuan
.
Holders actively lowered the dumping of goods to realize, and the receiving party undercut the price to buy on demand, the market transaction performance was not good, and the transaction was light
.

It is reported that 7 central ecological environmental protection supervision teams have been set up to carry out a one-month inspection work for five provinces of Jilin, Shandong, Hubei, Guangdong and Sichuan, and two central enterprises, China Nonferrous Mining Group Co.
, Ltd.
and China Gold Group Co.

, Ltd.

In terms of news, the domestic power shortage problem is difficult to solve, electrolytic aluminum production is further reduced, inventory declines, and again destocked, superimposed on the downstream marginal consumption strengthening, aluminum price support is strong, spot aluminum or small rise
.

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